Buying an existing franchise is rapidly being seen as the best way to become a franchisee. More and more people who become franchisees do so by acquiring an existing business rather than starting up from scratch. This is because an existing business has an existing cashflow, existing brand presence, existing customers and existing staff. Everything in place for you ready to grow.
As a purchaser they will guide you through the purchase process in conjunction with the franchisor and you will have the peace of mind that the business you are looking at has been thoroughly prepared for sale with an independent valuation so you can experience a smooth purchase process.
The NatWest/BFA Survey of UK franchising reported that 66% of all recent purchasers of franchised businesses did so by buying an existing business. The reason so many people are opting for a resale is that with an existing business you can get:
* Cashflow from day one
* Existing customers
* Existing staff
* Local brand recognition
All of these elements build confidence not only in your potential future business but also in the banks and other institutions who may support you in this venture. A resale is not a "shot in the dark" because you will have, with a Resales transaction, full details of the business, its history, accounts and a realistic asking price. All essential for a successful purchase.
Many purchasers of franchises in the UK do so through buying an existing business - a franchise resale.
Their service provides a proven, comprehensive and 'hassle-free' way of creating an effective exit route for recruits and smooth efficient process to buy an existing franchise for prospective purchasers. As an organisation that is solely focused on managing franchise resales, they use their custom-designed system to simplify the entire resale process for buyers, sellers and franchisors.
Resales provide a total 'end to end' process that includes exit planning, preparing the business for sale, due diligence, independent valuation, sourcing and gaining franchisor approval of a purchaser, national marketing, funding introductions, panel of solicitors and coordination of the entire process.
Their process combined with their national network and on-line services make Franchise Resales the one-stop solution to sell or to buy a franchised business. Mergers & Acquisitions service also provides investors the opportunity to become a franchisor though the purchase of an entire franchise network or a master licence.